Indian Oil Corporation said that the meeting of the Board of Directors of the company is scheduled on 13 December 2018 to consider and approve buyback of the fully paid-up equity shares of the company. The announcement was made on Saturday, 8 December 2018.
Escorts has executed the Business Transfer Agreement for transferring the existing RT Crane Business of the company as a going concern on a slump sale basis to the JV for an amount not exceeding Rs 35 crore. The announcement was made after market hours on Friday, 7 December 2018.
Tata Sponge Iron said that the Ministry of Environment, Forest and Climate Change, Government of India (the “MoEFCC”), has considered the company's application and subject to certain conditions, decided to accord environmental clearance for the enhancement of DRI production from 4,25,000 TPA to 4,65,000 TPA in the company's existing facility located at Village Bileipada, Tehsil Barbil, District Keonjhar, Odisha. The announcement was made after market hours on Friday, 7 December 2018.
Capital India Finance said that the Board of Directors of the company has approved the issue of upto 3,45,48,560 equity shares at Rs 72 on rights basis, aggregating up to Rs 248.75 crore. The announcement was made on Sunday, 9 December 2018.
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